Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the corporation has set a target for drilling at the Kolmani River-II Well to be completed in May.
Baru was speaking on Thursday during the 40th Kaduna International Trade Fair in Kaduna state.
According to him, the NNPC has stepped up exploratory activities at the Kolmani River-II well after a directive from President Muhammadu Buhari had urged the corporation to intensify its search for oil in six inland basins.
In February, Buhari had flagged off the spud-in (drilling) of the Kolmani River II Well, which is located on the Gongola basin of Benue Trough in Bauchi state.
Reiterating the presidential directive, the NNPC GMD said a deeper search for oil in the north will enable the corporation to extensively appraise the gas reserves discovered in the region in 1999.
He said drilling on the Kolmani River-II site has been going on smoothly, adding that as at Wednesday morning, the corporation had reached depths of 10,075 feet, with a target to reach 14,270 feet.
“The main purpose of this well is to start some massive appraisal of the discovery that was made way back in 1999 of some gas reserves in Kolmani River-1 and so far the drilling has been going on smoothly to enable exploration,” he said.
“We will do the needful, if we need to probe any particular section, we will take our time to do it, our target date is to see that by the end of May, we complete exploration on that particular well and move to Kolmani River-III which site is almost ready for the rigs to move there and from there we move to other locations.”